EXHIBIT 10.21
CONFIDENTIAL
November 22, 2004
Dear Xxxxx:
The purpose of this letter is to document our agreement regarding compensation
for managing our business relationship with the Xxxxxx Restaurants Company. As
discussed, it is our mutual belief that you possess the right combination of
respect and credibility with key executives within the Xxxxxx organization to
help us regain significant lost ground.
Commencing October 1, 2004, Oneida Ltd. will pay you a 2% commission on all
Xxxxxx sales. Your commission will be paid on a monthly basis, on or before the
15th of every month. This commission structure will extend through Oneida's
2005-06 fiscal year (2/1/05-1/31/06). Sixty days prior to the completion of
fiscal year 2005-06, we will evaluate your progress and determine how best to
proceed into the future.
Trusting that this meets with your satisfaction, please sign two (2) copies of
this document and return to my attention.
I look forward to a very successful 2005-06.
Sincerely,
/s/ XXXXX X. XXXXXX Date: 11/27/04
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Xxxxx X. Xxxxxx
Senior Vice President &
General Manager, Oneida Foodservice
/s/ XXXXX X. XXXXXXX Date: 11/27/04
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Xxxxx Xxxxxxx
cc: Xxxx Xxxxxx
